CNFR Stock Summary and Trading Ideas (Conifer Holdings | NASDAQ:CNFR)

Conifer Holdings Inc is an insurance company engaged in the sale of property and casualty insurance products. It is engaged in three classes of insurance businesses namely commercial lines, personal lines, and wholesale agency business. Within these three businesses, the company offers various insurance products and insurance agency services. The company views the commercial and personal lines segments as underwriting business. The wholesale agency business provides non-risk bearing revenue through commissions and policy fees. Its revenues are derived from premiums earned from insurance operations.

Conifer Holdings trades on the NASDAQ stock market under the symbol CNFR.

As of April 24, 2024, CNFR stock price was flat at $0.97 with 43 million shares trading.

CNFR has a market cap of $11.80 million. This is considered a Sub-Micro Cap stock.

Last quarter Conifer Holdings reported $15 million in Revenue and -$1.59 earnings per share. This fell short of revenue expectation by $-639,000 and missed earnings estimates by -$1.57.

In the last 3 years, CNFR stock traded as high as $4.33 and as low as $.65.

The top ETF exchange traded funds that CNFR belongs to (by Net Assets): VXF, VTI.

CNFR has underperformed the market in the last year with a return of -41.5%, while the SPY ETF gained +24.2%. In the last 3 month period, CNFR fell short of the market, returning -25.5%, while SPY returned +4.6%. However, in the most recent 2 weeks CNFR has outperformed the stock market by returning +2.1%, while SPY returned -2.7%.

CNFR support price is $.85 and resistance is $1.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNFR stock will trade within this expected range on the day.